A permit trading scheme for facilitating energy transition: A case study of coal capacity control in China

JOURNAL OF CLEANER PRODUCTION

卷:256

Article

Shi, Xunpeng^1,2,3  Wang, Ke^4,5,6,7  Shen, Yifan⁸  Sheng, Yu¹⁰  Zhang, Yanfang⁹ 

[1] Univ Technol Sydney, Australia China Relat Inst, Ultimo, NSW 2007, Australia

[2] Hubei Univ Econ, Ctr Hubei Cooperat Innovat Emiss Trading Syst, Wuhan 430205, Hubei, Peoples R China

[3] Hubei Univ Econ, Sch Low Carbon Econ, Wuhan 430205, Hubei, Peoples R China

[4] Beijing Inst Technol, Ctr Energy & Environm Policy Res, Beijing 100081, Peoples R China

[5] Beijing Inst Technol, Sch Management & Econ, Beijing 100081, Peoples R China

[6] Sustainable Dev Res Inst Econ & Soc Beijing, Beijing 100081, Peoples R China

[7] Beijing Key Lab Energy Econ & Environm Management, Beijing 100081, Peoples R China

[8] Nanjing Audit Univ, Inst Polit & Econ, Nanjing, Peoples R China

[9] Nanjing Univ Aeronaut & Astronaut, Coll Econ & Management, Nanjing 210016, Peoples R China

[10] Peking Univ, Sch Adv Agr Sci, Beijing 100871, Peoples R China

关键词: Production capacity control;    Cap and trade;    Permit trading scheme;    China;    Coal;   

DOI  :  10.1016/j.jclepro.2020.120472

来源: Elsevier

【 摘 要 】

Restriction the production and consumption of fossil fuels is a necessary part in the energy transition. How to implement such restriction effectively is an issue that is of public interest to both academia and policy makers. Using production data of more than 1100 coal mines in China, we show that a capacity permit trading system originated from cap and trade practice could help the coal industry to save more than 30 percent of inputs and increase income by 26 percent. The results also demonstrate that the permit trading will lead to Pareto improvement for all participating provinces when compared with the capacity control administratively, and the accumulative welfare will increase as the trading zone is enlarged. The study suggests that adopting the permit trading schemes for capping policies is economically beneficial and politically feasible. (c) 2020 Elsevier Ltd. All rights reserved.

【 授权许可】

Free